BidaskClub downgraded shares of Rattler Midstream (NASDAQ:RTLR) from a buy rating to a hold rating in a research report report published on Saturday, BidAskClub reports.

A number of other brokerages have also commented on RTLR. Credit Suisse Group decreased their price objective on Rattler Midstream from $12.00 to $10.00 and set an outperform rating on the stock in a report on Friday, March 20th. Piper Sandler decreased their price objective on Rattler Midstream from $14.00 to $5.00 and set a neutral rating on the stock in a report on Monday, April 6th. SunTrust Banks decreased their price objective on Rattler Midstream from $11.00 to $8.00 and set a hold rating on the stock in a report on Wednesday, April 22nd. Citigroup decreased their price objective on Rattler Midstream from $19.00 to $8.00 and set a neutral rating on the stock in a report on Tuesday, May 19th. Finally, Raymond James lowered Rattler Midstream from an outperform rating to a market perform rating in a report on Thursday, March 12th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $10.61.

RTLR stock opened at $9.70 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $1.35 billion and a PE ratio of 10.54. Rattler Midstream has a 1-year low of $2.90 and a 1-year high of $20.24. The business’s 50 day simple moving average is $9.35 and its 200 day simple moving average is $10.94.

Rattler Midstream (NASDAQ:RTLR) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). Rattler Midstream had a net margin of 8.68% and a return on equity of 3.74%. The firm had revenue of $129.40 million during the quarter, compared to analyst estimates of $118.34 million. As a group, sell-side analysts predict that Rattler Midstream will post 0.91 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in RTLR. Zimmer Partners LP lifted its position in shares of Rattler Midstream by 138.6% during the 1st quarter. Zimmer Partners LP now owns 4,794,832 shares of the company’s stock worth $16,686,000 after buying an additional 2,785,278 shares during the last quarter. Prescott Group Capital Management L.L.C. bought a new stake in shares of Rattler Midstream during the 1st quarter worth $8,586,000. Bank of America Corp DE lifted its position in shares of Rattler Midstream by 2,914.6% during the 4th quarter. Bank of America Corp DE now owns 1,857,343 shares of the company’s stock worth $33,042,000 after buying an additional 1,795,732 shares during the last quarter. HITE Hedge Asset Management LLC lifted its position in shares of Rattler Midstream by 65.7% during the 1st quarter. HITE Hedge Asset Management LLC now owns 3,945,248 shares of the company’s stock worth $13,729,000 after buying an additional 1,564,812 shares during the last quarter. Finally, Alyeska Investment Group L.P. lifted its position in shares of Rattler Midstream by 45.2% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,124,972 shares of the company’s stock worth $20,013,000 after buying an additional 349,972 shares during the last quarter. Institutional investors and hedge funds own 28.10% of the company’s stock.

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Analyst Recommendations for Rattler Midstream (NASDAQ:RTLR)

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